The various decarbonization pathways and scenarios are likely underestimating the rate at which global energy consumption is rising, which could create a supply shortfall of natural gas by the end of the decade, Switzerland-based industry organization International Gas Union (IGU) said in its Global Gas Report 2024 on Tuesday.
If global natural gas demand continues to grow as it did in the last 4 years, without additional production development, a 22% global supply shortfall is expected by 2030, IGU said in the annual report. “If demand…Net-Zero Scenarios Underestimate Energy Demand Growth, Gas Union Says
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